Puff Wealth Management LLC Purchases New Shares in Global X MLP ETF $MLPA

Puff Wealth Management LLC acquired a new position in Global X MLP ETF (NYSEARCA:MLPA) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 12,464 shares of the company’s stock, valued at approximately $608,000.

A number of other institutional investors have also recently bought and sold shares of MLPA. Clean Yield Group acquired a new position in shares of Global X MLP ETF during the 3rd quarter worth approximately $26,000. Smartleaf Asset Management LLC acquired a new stake in shares of Global X MLP ETF in the third quarter valued at approximately $46,000. Private Trust Co. NA raised its position in shares of Global X MLP ETF by 39.2% in the third quarter. Private Trust Co. NA now owns 1,066 shares of the company’s stock valued at $52,000 after buying an additional 300 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of Global X MLP ETF in the third quarter valued at approximately $201,000. Finally, Greenspring Advisors LLC bought a new stake in shares of Global X MLP ETF in the third quarter valued at approximately $205,000.

Global X MLP ETF Price Performance

Shares of NYSEARCA:MLPA opened at $54.44 on Friday. The business’s 50 day simple moving average is $52.44 and its 200 day simple moving average is $49.83. Global X MLP ETF has a 1 year low of $45.09 and a 1 year high of $54.94. The company has a market capitalization of $2.14 billion, a P/E ratio of 14.42 and a beta of 0.64.

Global X MLP ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Monday, February 9th were issued a dividend of $1.00 per share. This is an increase from Global X MLP ETF’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend was Monday, February 9th. This represents a $4.00 annualized dividend and a dividend yield of 7.3%.

Global X MLP ETF Profile

The Global X MLP ETF (MLPA) is an exchange-traded fund that is based on the Solactive MLP Infrastructure index, a market-cap-weighted index of US-listed midstream MLPs, and is structured as a C-corporation. MLPA was launched on Apr 18, 2012 and is managed by Global X.